Caulk and Paint.If the boards are no good, replace the worst ones and apply aforementioned strategy. 

I also have an emergency fund to cover ten months worth of expense incase of worst case.Currently after the Carr Fire there has been a shortage of housing available, therefore dropping the vacancy rate to 2%. 4% was a very conservative number.

You’ll be told to “hire the best people” , as if most business owners try to hire the worst people, so you’ll differentiate yourself.

Worst case, they may shake you down for some money claiming that they would have taken over, they could have applied to assign, its a profitable location, yadda, yadda.

I have rent controls which the maximum rent increase is not the worst feature (the maximum increase (5% + local inflation which in much CA approaches 5%) is higher than our rent increases except for when we are trying to get rid of the tenant). 

I have 41 doors, and my worst performer is doing $278 a month, while several of my best performers  are doing over $700-$1100 a month after all expenses.  

So I'm with the prepare for the worst, but hope with the best crowd. 

We could knock it down if worst case??

The worst kind of magic.

My inclination is that it's probably not the worst thing to have excess reserves.